TriOptima To Support Verification and Reconciliation of OTC Derivatives Data Submitted to DTCC Trade Repository
- Post-trade risk management infrastructure and service provider TriOptima today announces that it will implement support for verification and reconciliation of OTC derivatives portfolios of DTCC's trade repository data.
ICAP’s post trade Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term infrastructure division TriOptima has announced today that it will support data verification and portfolio reconciliation of DTCC’s trade repository data as requested by triResolve clients’ for their OTC derivatives portfolios. TriOptima will be the first portfolio reconciliation provider to receive directly DTCC repository data for this purpose.
TrOptima has now concluded its tenth year of existence and as far as ICAP as a group is concerned, plays an important role in contributing to the revenues of the interdealer, as its triReduce multilateral portfolio compression service has terminated more than $300 trillion in notional principal outstandings since its establishment in 2003. This is a matter of significant importance especially when bearing in mind ICAP’s mediocre performance in recent times, where volumes took a turn in the upward direction during May after sustained lows.
“Assisting our clients with verification and reconciliation of portfolio data submitted to DTCC trade repositories is a significant development,” said Raf Pritchard, CEO of triResolve in a corporate statement. “Making repository data directly available to the reconciliation process contributes to data accuracy and creates opportunities to combine workflows and simplify operations. Given the rapid pace of change in the market, TriOptima’s strategy is to connect to multiple platforms across the OTC derivatives landscape including central clearinghouses, confirmation platforms, repositories, and other emerging providers of trade processing and data store functionality” he explained.
Stewart Macbeth, President and CEO of DTCC’s Deriv/SERV subsidiary noted that, where permitted, such service provider linkages can be of great assistance to both regulators and market participants. “Giving our clients’ service providers access to repository data is a way to assist our clients in meeting their regulatory obligations and operational goals efficiently,” said Macbeth. ”Open access is a critical goal in the new OTC derivatives landscape, and the TriOptima connection will facilitate portfolio reconciliation for firms.”
Currently triResolve clients regularly reconcile 7 million transactions on the triResolve portfolio reconciliation platform. Data integration with the DTCC’s trade repository will enable triResolve to assist its clients in the verification and reconciliation of transactions submitted to the repository by market participants. It will also enable TriOptima’s clients to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term triResolve’s resolution workflow to quickly address any identified exceptions.
More than 300 institutions use triResolve for portfolio reconciliation in their collateral management activities. The triResolve service supports the mandatory reconciliation requirements effective July 1, 2013 in the US and September 15, 2013 in the EU. The DTCC trade repository link is the latest integration that TriOptima has established with other market participants including the DTCC Trade Information Warehouse, MarkitSERV, SGX, and LCH SwapClear; and is part of its client service strategy.
ICAP’s post trade Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term infrastructure division TriOptima has announced today that it will support data verification and portfolio reconciliation of DTCC’s trade repository data as requested by triResolve clients’ for their OTC derivatives portfolios. TriOptima will be the first portfolio reconciliation provider to receive directly DTCC repository data for this purpose.
TrOptima has now concluded its tenth year of existence and as far as ICAP as a group is concerned, plays an important role in contributing to the revenues of the interdealer, as its triReduce multilateral portfolio compression service has terminated more than $300 trillion in notional principal outstandings since its establishment in 2003. This is a matter of significant importance especially when bearing in mind ICAP’s mediocre performance in recent times, where volumes took a turn in the upward direction during May after sustained lows.
“Assisting our clients with verification and reconciliation of portfolio data submitted to DTCC trade repositories is a significant development,” said Raf Pritchard, CEO of triResolve in a corporate statement. “Making repository data directly available to the reconciliation process contributes to data accuracy and creates opportunities to combine workflows and simplify operations. Given the rapid pace of change in the market, TriOptima’s strategy is to connect to multiple platforms across the OTC derivatives landscape including central clearinghouses, confirmation platforms, repositories, and other emerging providers of trade processing and data store functionality” he explained.
Stewart Macbeth, President and CEO of DTCC’s Deriv/SERV subsidiary noted that, where permitted, such service provider linkages can be of great assistance to both regulators and market participants. “Giving our clients’ service providers access to repository data is a way to assist our clients in meeting their regulatory obligations and operational goals efficiently,” said Macbeth. ”Open access is a critical goal in the new OTC derivatives landscape, and the TriOptima connection will facilitate portfolio reconciliation for firms.”
Currently triResolve clients regularly reconcile 7 million transactions on the triResolve portfolio reconciliation platform. Data integration with the DTCC’s trade repository will enable triResolve to assist its clients in the verification and reconciliation of transactions submitted to the repository by market participants. It will also enable TriOptima’s clients to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term triResolve’s resolution workflow to quickly address any identified exceptions.
More than 300 institutions use triResolve for portfolio reconciliation in their collateral management activities. The triResolve service supports the mandatory reconciliation requirements effective July 1, 2013 in the US and September 15, 2013 in the EU. The DTCC trade repository link is the latest integration that TriOptima has established with other market participants including the DTCC Trade Information Warehouse, MarkitSERV, SGX, and LCH SwapClear; and is part of its client service strategy.